Merrill: Drop In Gold Might Be A Buying Opportunity
Investors should use the recent drop in gold prices as a buying opportunity, as increased volatility in the market ahead of a potential Fed interest rate hike could lead investors to seek refuge in the precious metal, according to Francisco Blanch, head of global commodities and derivatives research at Bank of America Merrill Lynch.
The commodities expert believes that once the U.S. central bank decides to raise interest rates, potentially causing equities to sell off and the dollar to rally, investors will see gold prices stabilize and eventually trend higher.
In this in-depth conversation, Blanch also discusses what could be ahead for oil, while Samantha Azzarello, global market strategist at JPMorgan Funds, lays out her investment thesis for the upcoming earnings season.
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